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Telehealth Services - Industry Market Research Report

  • May 2017
  • 33 pages
  • Ibisworld
Report ID: 2253219

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Healthy future: Industry operators are currently experiencing a period of rapid expansion

Telehealth Services

The Telehealth Services industry is rapidly expanding. Advances in communication technology and medical technology, such as wearable self-monitoring devices and digitized medical scans, have propelled the industry forward. Over the five years to 2017, industry growth has been supported by a healthcare system suffering from skyrocketing costs, a looming doctor shortage and an aging population susceptible to chronic disease. Over the five years to 2022, the industry will continue to benefit from the demographic and structural factors affecting the healthcare industry, as telehealth will emerge as a cost-effective solution to meeting the medical needs of an expanding and aging population.

This industry delivers health-related services and information via telecommunications technologies. These services primarily occur between patient and physician or patient and healthcare provider and include the transmission of diagnoses, exchanging health education, monitoring medical conditions and providing health advice. Telecommunication methods include the use of electrical devices, such as telephones, web cameras, videoconference systems and the internet.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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